Inpulse is a Brussels-based investment manager with special know-how on social investments and microfinance. From a core expertise in cooperative equity financing, we developed strong skills in managing alternative investment funds providing responsible long-term financing to socially driven financial intermediaries. Strong connections with leading microfinance and social economy networks and multiple partnerships with successful stakeholders ensure a sound understanding of the market we invest in. Through our team based in three countries (Belgium, Poland and France), we currently advise two active MIVs with a total aggregate investment capacity of EUR 58M. The nil default rate of the funds under management proves the success of our methodology to identify, appraise and monitor our investments.

Inpulse strives to bring positive changes in the life of final beneficiaries while ensuring competitive financial and social returns for both our clients and investors. This is Inpulse ADN.

Our funds under management show strong performance in micro and SME finance and generate competitive financial returns. They also have effective social impact in emerging markets by encouraging entrepreneurial spirit. We ensure compliance with international business standards for our Funds, generating high quality financial information. Our company’s core principles focus on integrity, transparency and professionalism. This is the basis of long-standing relationships with all our stakeholders.

CoopEst’s goal is to support responsible financial intermediaries to grow, innovate and improve services while balancing financial performance with positive social impact. CoopEst offers subordinated and senior loans to MFIs, cooperative banks and credit unions operating in countries from Central and Eastern Europe and Caucasus. CoopEst emphasizes the importance of client protection principles, fair competition and social performance while encouraging its clients to comply with best industry standards.

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Built on the succesful track-record of CoopEst, CoopMed develops social finance in the MENA region. The Fund supports the creation of employment and sustainable economic activities by the civil society, and promotes green and innovative initiatives enhancing social entrepreneurship. CoopMed offers subordinated and senior loans to MFIs, local banks and mutual companies. CoopMed applies a strong social performance policy with the support of a dedicated technical assistance facility.

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Launched in 2018, Helenos is the first private equity fund for inclusive finance in Europe. It is made to strengthen the capital base of financial intermediaries targeting micro, small and social enterprises. Helenos will provide equity, subordinated and senior loans to support economically sustainable and socially oriented institutions. Helenos beneficiates of the support of the European Commission’s Programme for Employment and Social Innovation (EaSI).

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Portfolio

Through its managed funds, Inpulse supports a range of institutions covering MFIs and credit unions up to medium size banks with total assets between EUR 1.5 M and EUR 3 billion.

Since the launch of CoopEst operations in 2006, Inpulse has granted loans to 39 partner institutions in 13 countries for a total outstanding amount of EUR 38,9 M. More than the half of the outstanding portfolio is dedicated to support small and medium-size MFIs that are strongly involved in the local development of disadvantaged areas. Our MFI partners serve vulnerable groups excluded from financial services: the average loan size to final clients is around 2000 EUR. Most of the cooperative banks CoopEst finances in Poland – representing 30% of the portfolio – are located in semi-urban and rural areas and they are often the only financial institutions providing access to credit in those areas.

CoopMed has an objective of EUR 20M investment capacity with a first tranche closed in September 2015. As of today 2 investment decisions have been taken for a total of EUR 1.1M and the current pipeline is being developed in Lebanon, Tunisia and Jordan.

Our funding partners are international development financial institutions, social and ethical banks, mutual insurance companies and responsible investment companies. Inpulse is in charge of setting up, managing and advising investment funds sharing the same ambitions of boosting local economies and social inclusion trough fostering entrepreneurship. CoopEst is the first financial instrument to combine primary European social economy investors and ethical banks with DFIs. IFC (World Bank Group) subscriptions allowed CoopEst to launch its operations in 2006 and was followed by EIF (EIB Group) which is today the second largest shareholder. CoopMed, created by and for the actors of the social economy in the Mediterranean area, benefits from the expertise of its investors who are strongly committed to its objectives. All CoopMed investments are approved by the shareholders who are also engaged to support clients in financial engineering and capacity building needs.

Inpulse has a dedicated team of multilingual and multi-skilled professionals committed to bringing positive changes in the life of financially excluded people through adequate support. We are based in three countries (Belgium, Poland et France): 6 staff in Brussels, 4 staff members in Warsaw and 1 in Paris. The team managers and investment team have extensive experience in due diligence, risk management and portfolio monitoring of investees in the social economy, microfinance and the informal sectors. The geographical scope of our staff experience covers the entirety of the European Union, neighboring countries, Africa and Latin America.